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Jul 2008
IFC and Grameen-Jameel Recommend Ways to Improve Access to Finance for Micro and Small Enterprises in Lebanon
July, 31 2008
Lebanon - IFC, a member of the World Bank Group, and Grameen-Jameel Pan-Arab Microfinance Limited, a social business, released a study that finds there is strong demand for microfinance in Lebanon and recommends ways to improve access to finance for smaller businesses. ...
Handbook for the analysis of the governance of microfinance institutions
July, 31 2008
Brighton, United Kingdom - Microfinance is going through a critical phase. While it has proved capable, through a variety of approaches, of providing financial services to populations excluded from the traditional banking sector, most microfinance institutions (MFIs) face the challenge of institutionalisation and achieving sustainability ...
Giving a Lot for Saving a Little
July, 31 2008
New York, United States - The idea that small loans can awaken an entrepreneurial spirit among the world's poor won a Bangladeshi economist the Nobel Peace Prize in 2006 and released a flood of money into thousands of "microcredit" programs on the bet that the poor are good borrowers. Now, the world's largest private philanthropy is betting that they are also good savers ...
Innovations, challenges in savings and financial inclusion for the poor highlighted in new report from the Global Assets Project
July, 30 2008
Washington D.C., United States - Innovative partnerships and convergence in the fields of asset building, microfinance and financial inclusion are sparking increased interest in access to savings, assets, and financial inclusion for those living in poverty around the world, according to a report released today by the Global Assets Project and the Citi Foundation. The report, "Global Savings, Assets and Financial Inclusion: Lessons, Challenges & Directions" is based on the Global Symposium held in Singapore last year which brought leading practitioners, scholars, policymakers, corporate leaders, and funders in these fields together for the first time. ...
Conference: European Microfinance Week
July, 30 2008
Luxembourg - The European Microfinance Platform, e-MFP, is currently preparing for the European Microfinance Week, 12th – 14th November 2008, Luxembourg ...
Nobel winner slams for-profit microfinance
July, 28 2008
New York, United States - When Nobel Peace Prize winner Muhammad Yunus began making $27 loans to women in Bangladesh three decades ago, he never dreamed of initial public offerings, return on equity and securitization. Those terms weigh heavily on his mind today, as the once-charitable field of microfinance has become increasingly commercialized ...
Microcredit lenders urged to improve transparency
July, 28 2008
Jakarta, Indonesia - Lenders to the world's poor should disclose how much they charge their borrowers, a global network of microcredit agencies said on Monday, urging more transparency and greater protection of the poor ...
Malaysia: Banks upbeat on micro-financing
July, 28 2008
Malaysia - Although the surging global inflation and economic slowdown have hampered the growth of many businesses, Malaysian banks remain optimistic about the growth of micro-financing ...
Rwanda receives $6m from World Bank to fund reforms in the micro-finance sector.
July, 27 2008
Kigali, Rwanda - Rwanda received a $41m grant from the World Bank to finance projects in the agricultural and financial sectors. The World Bank signed a four-year $35m grant to help the central African country reclaim existing marshland and an extra $6m to fund reforms in the micro-finance sector. ...
Police investigate violent protests in northern Nicaragua
July, 25 2008
Nicaragua - A special investigative police commission is looking into violent protests at the offices of a microfinance firm in northern Nicaragua that left five police injured and one civilian blinded in one eye with a rubber bullet. ...
Vietnam: 85% of rural poor denied bank loans
July, 25 2008
Ha Noi, Vietnam - A recent Action Aid Viet Nam study said that although WTO status has led to development of the banking industry, 85 per cent of the rural poor population still do not have access to small loans ...
Gradatim launches India's first MicroInsurance Platform - MF-Insure
July, 24 2008
Mumbai, Maharashtra, India - Gradatim IT Ventures, one of the leading players in the Micro-Finance industry, announced the launch of MF-Insure, an on-demand micro-insurance technology platform which combines IT Infrastructure and Back Office Services, and delivered as a Business Process Utility (BPU) on a ‘Pay-Per-Use’ Pricing Model. ...
Unitus Launches Financial Services Firm to Channel Capital to Social Entrepreneurs in Emerging Markets
July, 24 2008
Bangalore, India and Seattle, Washington, United States - Unitus, Inc., announces the launch of Unitus Capital, one of the first financial advisory firms designed to meet the investment needs of social entrepreneurs serving the bottom of the economic pyramid ...
India: IBF launches institute of Islamic microfinance
July, 22 2008
New Delhi, India - Islamic finance is no longer an alien concept for Indian bankers, finance professionals, regulators and policy makers. Indeed we are now witnessing a softening of attitude towards Islamic finance at various levels, especially in the field of Islamic equity investments ...
Yemen: First national microfinance network to help create employment
July, 20 2008
Yemen - The United Nations Development Program (UNDP) signed four projects this week in Yemen, one of which will create the first National Microfinance Network in hopes of improving job availability to the working poor in Yemen, particularly among women and youth ...
Microinsurance Conference 2008
July, 17 2008
Germany - From 5 to 7 November 2008, the Microinsurance Conference 2008 will take place in Cartagena, Colombia. This event is the fourth international Microinsurance Conference jointly hosted by the CGAP Working Group on Microinsurance and the Munich Re Foundation, supported by Fasecolda, FIDES and the Superintendencia Financiera de Colombia ...
China: Microcredit firms may debut in Zhejiang
July, 16 2008
China - Microcredit companies may debut in Zhejiang province in July on a pilot basis to meet the demand of small and medium-sized enterprises' growing demand for capital, sources said ...
India: Micro-credit booms as poor look to combat inflation
July, 16 2008
Bangalore, India - Inflation is not necessarily a bad word. So it seems for the micro-credit industry if its growth trajectory and first quarter credit offtake are benchmarks. A cluster of large and mature micro-finance entities, many of whom are NBFCs with private equity funding, appear set for over 100% growths this fiscal as inflationary trends have triggered higher working capital needs for micro loanees ...
South Africa: Blue Enjoys Busy Start in Swaziland
July, 16 2008
Johannesburg, South Africa - Microfinance group Blue Financial Services yesterday opened its first branch in Swaziland, where it plans to have four branches operating within three months, and 200 across Africa by year-end ...
Sierra Leone: The Microfinance Investment and Technical Assistance Facility Project
July, 15 2008
Sierra Leone - Since 2003, the Government of Sierra Leone is cooperating with KfW, UNDP, UNCDF and Cordaid in a 5-year programme on “Developing a Sustainable Pro-Poor Financial Sector in Sierra Leone”. ...
India: Microfinance firms seen heading into a phase of consolidation
July, 14 2008
Bangalore, India - Bankers may still be debating the idea of consolidation in the banking sector, but India’s microfinance institutions, or MFIs, that cater tothe credit needs of the rural and urban poor, are all ready for it. Experts say with the top 25 players in the business accounting for nearly 75% of the total MFI business, it will become imperative for small entities, who cater to a customer base of less than 5,000, to join hands to scale up operations and strengthen execution ...
IFC Investment in Locko Bank to Expand Access to Finance for Smaller Businesses in Russia
July, 14 2008
Moscow, Russia - IFC, a member of the World Bank Group, is supporting the lending program and regional expansion of Locko Bank, a midsize commercial bank in Russia, focused on lending to small and medium enterprises. In addition to its own funds, IFC has mobilized resources from other financial institutions. ...
International Symposium Geneva "Building Fair Financial Markets for All"
July, 14 2008
Geneva, Switzerland - The World Microfinance Forum Geneva cordially invites you to attend this event about profitable investment opportunities in inclusive finance, to be held on: October 1-2, 2008 in Geneva, Switzerland ...
Microfinance raises fresh sub-prime fears
July, 14 2008
United Kingdom - Microfinance has been marketed as offering a "double bottom line": the financiers make profits while helping some of the world's poorest people improve their lives. As new lenders flood the sector, however, concerns are mounting that a new breed of "microloan sharks" are helping only themselves. ...
Inequality and institutions - Amartya Sen
July, 14 2008
Pakistan - The issue of inequality relates to globalisation in two distinct ways. There is, first, the crucial question of the sharing of the merging gains from globalisation, between rich and poor countries, and between different groups within a country. It is not adequate to understand that the poor of the world need globalisation as much as the rich do, it is also important to make sure that they actually get what they need. This may require extensive institutional reform, and that task has to be faced at the same time as globalisation is defended. Second, aside from the distribution of new benefits to come, the demands of justice cannot ignore the overwhelming presence of antecedent inequality that characterizes the contemporary world - the post-colonial present that has emerged from history ...
Conference: Microfinance Investments 2008
July, 14 2008
London, United Kingdom - The Microfinance Investments 2008 will take place on Wednesday, October 29, 2008 to Thursday, October 30, 2008. Millennium Knightsbridge Hotel, London, United Kingdom ...
Kenya: Posta and Faulu sign cash transfer deal
July, 11 2008
Kenya - Customers of Faulu Kenya can now access and repay their loans through 330 Postal Corporation of Kenya outlets across the country at no cost. ...
UN group makes recommendations on access to financial services for the poor
July, 09 2008
New York, United States - A panel of United Nations finance experts has issued a set of recommendations on how governments, regulators, development partners and the private sector can enable the world’s poor to better access financial services. ...
Rural Impulse Fund Receives LuxFLAG Label
July, 08 2008
Luxembourg - The Luxembourg Fund Labelling Agency (LuxFLAG), created in July 2006, has granted on 7 July 2008 its microfinance Label to Rural Impulse Fund SA SICAV-FIS ...
Kyrkyzstan: Microcredit Lending Encouters sucess in Central Asia
July, 08 2008
Kyrkyzstan - Though much maligned of late for backsliding on democratization, Kyrgyzstan has developed into an economic innovator in Central Asia. The country is presently a leader in extending microcredits to would-be entrepreneurs ...
Conference : SEEP Network “Powering Connections”
July, 07 2008
Washington, DC, United States - The 2008 SEEP Network Annual “Powering Connections” Conference brings to the forefront the critical issues in microfinance and enterprise development. The conference will take place November 4-7, 2008 at the Crystal Gateway Marriott Hotel in Arlington, VA, Washington, D.C. ...
Indonesia: Crippling effect of global inflation to microfinance
July, 07 2008
Jakarta, Indonesia - The issue of price increases of all commodities, spurred by the fuel price hike, is becoming our daily food for thought. The result is obvious - cost-pushed inflation ...
Mali approves measures to develop micro finance
July, 04 2008
Bamako, Mali - Mali has approved the nation al strategy for development of micro finance and its action plan for 2008-2012, official sources told PANA here Friday ...
Nepal: National Microfinance Policy unveiled
July, 04 2008
Kathmandu, Nepal - The government recently unveiled the National Micro-Finance Policy intended at enhancing the capacity for microfinance. The policy also plans to establish a separate body to regulate and supervise the microfinance ...
Pakistan: PPAF links Microfinance to commercial banking
July, 03 2008
Islamabad, Pakistan - The Governor State Bank of Pakistan, Dr. Shamshad Akhtar inaugurated Pakistan Poverty Alleviation Fund’s flagship project named "Programme for Increasing Sustainable Microfinance (PRISM)" for financial sustainability and expansion of micro finance organizations in the country on Thursday. ...
Liberia: CBL Grants Licenses to Two Banking Institutions
July, 03 2008
Monrovia, Liberia - The Central Bank of Liberia (CBL) has granted provisional licenses to AccessBank Liberia Limited and Guaranty Trust Bank Liberia Limited to operate as commercial banking entities in the country ...
IFC Invests Equity in Panama’s Grupo Mundial to Help Consolidate the Group’s Regional Expansion
July, 01 2008
New York, United States - IFC, a member of the World Bank Group, today announced a new investment in Panama-based financial conglomerate Grupo Mundial to help expand its insurance and banking services to underserved markets in Central America and Colombia. The investment will also help strengthen the group’s microfinance and remittance operations. ...

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